One thing that interests me is, Finklestein was held up by the Opes investors on these threads, that got burnt, as a well educated, well respected judge who would stand up for the little man. His judgement was explicit that the agreements signed gave title of the shares you lent to Opes, over to ANZ and the others. So if this is the case, where is all this wind about 100% restitution + damages coming from? Even if ANZ's last minute charge over Opes assets is unwound the administrators of Opes might claw back $95 million. ANZ would then become an unecured creditor to Opes.
BUT THEY STILL OWNED THE SHARES THEY HAVE SINCE SOLD, unless Fincklsteins judgement is overturned on appeal in a higher court.
So the administrators are still staring at a black hole.
There appears to be very little hope for the Opes investors getting ANYTHING back.
Sorry I know this won't go down well but are you guys living in false hope?
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